Technical Notes Yesterday
Silver ETN $SLV moved below $16.73 extending an intermediate downtrend.
Merck $MRK a Dow Jones Industrial Average stock moved below $86.02 extending an intermediate downtrend.
Procter & Gamble $PG a Dow Jones Industrial Average stock moved below intermediate support at $150.63
AbbVie $ABBV an S&P 100 stock moved below $134.50 extending an intermediate downtrend.
Canadian Tire $CTC.A.TO a TSX 60 stock moved below $157.77 extending an intermediate downtrend.
Trader’s Corner
Equity Indices and Related ETFs
Daily Seasonal/Technical Equity Trends for August 31st 2022
Green: Increase from previous day
Red: Decrease from previous day
Commodities
Daily Seasonal/Technical Commodities Trends for August 31st 2022
Green: Increase from previous day
Red: Decrease from previous day
Sectors
Daily Seasonal/Technical Sector Trends for August 31st 2021
Green: Increase from previous day
Red: Decrease from previous day
Links from valued providers
Link from Mark Bunting and www.uncommonsenseinvestor.com
Hedge Funds’ Three Favourite Blue Chip Stocks – Uncommon Sense Investor
Greg Schnell discusses “A fork in the road”.
Fork In The Road | Greg Schnell, CMT | Market Buzz (08.31.22) – YouTube
Editor’s Note: An excellent review on technicals for equity markets outside of North America
S&P 500 Momentum Barometers
The intermediate term Barometer dropped another 7.60 to 43.00 yesterday. It remains Neutral. Trend remains down.
The long term Barometer dropped another 1.40 to 29.00 yesterday. It remains Oversold, Trend remains down.
TSX Momentum Barometers
The intermediate term Barometer dropped 5.88 to 49.14 yesterday. It remains Neutral. Trend remains down.
The long term Barometer added 0.84 to 35.29 yesterday. It remains Oversold.
Disclaimer: Seasonality ratings and technical ratings offered in this report and at
www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed
